Middle-aged workers harder hit by COVID-19 downturn, economists suggest tracking vulnerable group closely Toggle share menu
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Middle-aged workers harder hit by COVID-19 downturn, economists suggest tracking vulnerable group closely
Office workers wearing face masks enter a building during lunch time in the financial business district in Singapore on Aug 11. (Photo: AFP/Roslan Rahman)
18 Dec 2020 07:43PM) Share this content
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SINGAPORE: Amid the rising jobless rate, middle-aged workers have been harder hit than other groups. Apart from being at greater risk of being laid off, they may also find it more difficult to secure new jobs, said economists.
According to the Ministry of Manpower s (MOM) third quarter labour market report released on Thursday (Dec 17), the unemployment rate among residents - Singaporeans and permanent residents - aged between 40 and 59 was higher and rose more steeply compared to those aged 6